The Boston Home Inc

Nonprofit profile at a glance

EIN
042103905
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Boston, MA, USA
Phone
6178253905
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Official website

Reported finances

Revenue
$27,477,374
Expenses
$20,759,328
Assets
$79,943,239
Liabilities
$8,571,694

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • CHRISTINE REILLY (PRESIDENT & CEO)

Highest reported compensation

  • CHRISTINE REILLY (PRESIDENT & CEO): $325,629 total reported compensation
  • FRANCIS R MURPHY III (CHIEF FINANCIAL OFFICER): $271,971 total reported compensation
  • JAMES SUGRUE (DON): $192,929 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The boston home seeks to improve the lives of adults with advanced multiple sclerosis and other neurological disorders.

What it reported doing in 2024

Founded in 1881, the boston home is a not-for-profit, specialized residence and center for care for adults with advanced progressive neurological diseases including multiple sclerosis. We have been designated a "center for excellence in long term care" by the national multiple sclerosis society and are the only facility of our kind in new england and one of only a few in the united states. The boston home institute advances standards for care through research, education and advocacy.the boston home's outpatient wheelchair seating clinic brings together physical therapists, vendors and adaptive technology specialists who work with complex rehabilitation clients to prescribe, order and customize wheelchairs. B.fit!, our social day program, provides participants with a safe and socially enriching environment where they help shape a schedule of activities designed to achieve and maintain maximum levels of personal independence. The boston home's wheelchair enhancement center (wec) provides the greater boston disabled community with a resource for customized wheelchair solutions, emergency wheelchair repairs and service referrals for the myriad of mobility equipment and technological adaptations now being used. The national magazine publisher mcknight's long-term care news & assisted living awarded the boston home its gold award in the innovator of the year category in the mcknight's technology awards connect our world for its wheelchair enhancement center

Operating model

Revenue model
Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.8%; rating input score 93
  • Program expense ratio: 82.2%; rating input score 82
  • Fundraising efficiency: $2.51 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.4%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 3.85; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 14th percentile among comparable filings

Details

  • Where the money goes: 92.8% of revenue deployed · 82.2% of spending went to programs
  • Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17.1M in reported program spending
  • Leadership: top reported pay $326K · 25 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 9/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.